Prepping some data for our November Investment Committee meeting and wow... look at that step-up in daily range for Bitcoin in October compared to last quarter. High range over double the high range of the past three months. Note this is all Coinbase data.

From a chief datacenter architect at Microsoft. "I don't think you can overbuild (datacenter) capacity. I don't think we're going to be at a tipping point of overbuilding until 2029, 2030."

With $100k holding for now, this liquidation heatmap makes me think the risk is many shifted bearish and we are gonna run stops back to the topside. Our Digital Asset Management desk has been active. One of the benefits of running a two-way book is you get to take profits on one leg while harvesting the other.

Killing time with some friends.

PayPal is bringing payments and commerce to ChatGPT.  Soon, hundreds of millions of people who use @ChatGPTapp and @PayPal will be able to  checkout in just a few taps. And the tens of millions of businesses that rely on PayPal will soon have a path to make products be discoverable and purchasable directly within ChatGPT with no new integrations needed. The next era of digital commerce is here, and PayPal is leading the way. 🚀 @sama @OpenAI

Exciting news - @CleanSpark_Inc is hiring! What started one year ago as an intention has grown into a fully-fledged hedging, risk management, and yield generation operation. We are building an institutional grade treasury risk platform in the bitcoin space with tradfi best practices. The Digital Asset Management (DAM) group has come an incredibly long way in a year. From designing the philosophy, to diligencing counterparties, negotiating legal agreements, instituting governance and ultimately launching trading to the rapidly scaling activities of today. And We. Need. Help. We are looking for experienced individuals with a background in Trade Operations / Middle Office. What's different about this role is we need someone who can get in the trenches and help build this group from the ground up. We will work side-by-side, every day. But we have a lot of work to do. The opportunity to build the first fully synthesized treasury management operation, on bitcoin, within an organization sitting at the center of energy and compute is incredibly exciting to me. If you are the kind of person who is detail oriented, proactive, diligent, mission driven, and is energized by being asked to own both high level design while not being afraid to roll up their sleeves and get in the weeds, I think this could be a uniquely good fit for you. Expect hard work, high expectations, strong two-way accountability, and deep camaraderie. Link to JD in the tweet below. I also encourage anyone lit up by the above but for which this may not be a fit to reach out. Above all, we are looking for good people. Thank you for your consideration and for passing along to anyone you think relevant!

$CLSK 🚨🔔 New analyst report out 🗞️🎯 Clear Street maintains their buy rating and target of $30 dollars for @CleanSpark_Inc. Key takeaways 👇🫳🎤 ✅Potential client within 6 months 😳 ✅They have FY2027 annual revenue at $2B 💰📈 They cited today’s news and shared their vote of confidence with management: “Management has executed on several important catalysts that we called- out earlier this month, including developing a best-in-class data center development team and buying new assets. We expect the company to continue to seek out similar M&A opportunities as management actively pursues expansion into the High Performance Compute (HPC) market. In addition, we believe it’s likely that management may announce an HPC client within the next six months.” Keep crushing it @smatthewschultz, @GaryVec, and @harry_sudock 💪 Time for @taylorbmonnig and Jeffery to have some fun 🙌 🧙‍♂️👨‍🍳⚡️🔌🏭

CLSK has secured 285MW in Texas for AI/HPC 👀

$CLSK 🚨‼️🗞️ 5th state announced!!! 🗣️ Welcome to Texas @CleanSpark_Inc 🤠 ✅Power under contract ⬆️ by 28% ✅271-acre site is positioned on a major fiber backbone ✅285 MW of power for expansion into high-performance compute and AI infrastructure⚡️🔌 ✅Strategically between Houston and Austin at the intersection of abundant power, fiber connectivity and pro-development energy policy 🏜️ ✅Not done yet as they look to secure additional energy onsite and pursue other regional projects in parallel 🙌 ✅ Energization of more than 200 MW is expected in the first half of 2027. “The Houston market is emerging as a premier destination for next-generation data center development," said Jeffrey Thomas